Independent corn ethanol producer Green Plains Renewable Energy announced its first cash dividend yesterday, with a forward yield of 0.98%. This new dividend reflects both the company's strength relative to its peers as well as reduced opportunities for growth in the industry. Its strong balance sheet and the continued existence of the revised Renewable Fuel Standard moving forward will help ensure the sustainability of the dividend.
In a little-heralded announcement released yesterday, independent corn ethanol producer Green Plains Renewable Energy (NASDAQ:GPRE) declared its first quarterly dividend:
"We are pleased to announce the first cash dividend to our shareholders in the Company's history," stated Todd Becker, President and Chief Executive Officer. "With four consecutive years of...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|